HK Stock Market Move | IMPRO PRECISION (01286) rose more than 4% again, with the group forecasting that sales growth will be more significant in the second half of 2026.

IMPRO PRECISION (01286) rose over 4%, and as of the time of publication, it was up 4.14%, priced at HKD 9.43, with a transaction amount of HKD 43.1641 million. In terms of news, IMPRO PRECISION announced that its revenue for the first half of the year was approximately HKD 3.018 billion, a year-on-year increase of 23.2%; the profit attributable to equity shareholders was HKD 421 million, a year-on-year growth of 21.6%; and it plans to declare an interim dividend of HKD 0.08 per share. The group forecasts that sales growth will be more significant in the second half of 2026, and it has raised its full-year sales growth expectation to a range of 20% to 25%, with a target of doubling revenue to over HKD 10 billion by 2029 or 2030 compared to 2025. Daiwa recently released a research report, giving IMPRO PRECISION its first "Buy" rating. The company is transitioning from a traditional foundry business to a precision engineering platform for American AI data centers (AIDC). The rollout of its high-horsepower engines and plant in Mexico will become a catalyst for valuation re-evaluation. Based on the 2027 earnings per share forecast of HKD 0.57, and discounted at a weighted average cost of capital of 8% over six months, a target price of HKD 11 was set.